ESR India Investments Holdings, a subsidiary of Asia Pacific’s logistics real estate platform ESR, has formed a $42 million strategic alliance with Future Group through Future Market Networks Ltd.
The partnership will develop two state-of-the-art industrial and warehousing parks to service the northern and central regions.
This collaboration is aimed to set new standards for the warehousing and industrial real estate sector and benefit from the burgeoning e-commerce growth in these regions. The two sites, with a total area of approximately 75 acres and a developable area of approximately 1.3 million square feet, will be jointly developed by Future Group’s Future Market Networks Ltd. and ESR, with ESR as the majority partner. The projects will deliver institutional-grade facilities, aligning with ESR’s best-in-class modern technologies and know-how.
“This will strengthen ESR’s presence in India to six cities, and we expect this strategic alliance to expand further in several newer geographies in the next one to two years,” said Abhijit Malkani and Jai Mirpuri, country heads of ESR India.
